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Enron Mail |
Hi Ian,
Any luck on letter of credit? Is there anything we can help with on our side? We are very keen to close this transaction in the next two weeks if possible. Call me at 713 853-0397 if you have any questions. I will call you tomorrow to touch base. Mark can handle any legal issues. Thanks -----Original Message----- From: "Goldsmith, Ian" <IGoldsmith@NatSourceTullettEurope.com<@ENRON [mailto:IMCEANOTES-+22Goldsmith+2C+20Ian+22+20+3CIGoldsmith+40NatSourceTullett Europe+2Ecom+3E+40ENRON@ENRON.com] Sent: Wednesday, May 30, 2001 3:57 AM To: Greenberg, Mark Cc: Shults, Bob; Jones, Tana Subject: RE: Natsource-Tullet BETA Hi Mark Thanks for your mail I have no problems with the new clauses 4 (f) and (h) . I will arrange for Natsource LLC alter the letter of credit to send a letter of guarantee I will then be ready to sign the paper work and get going. Thanks for your help Ian ----Original Message----- From: Mark.Greenberg@enron.com [mailto:Mark.Greenberg@enron.com] Sent: Tuesday, May 29, 2001 8:34 PM To: Goldsmith, Ian Cc: Bob.Shults@enron.com; Tana.Jones@enron.com Subject: Natsource-Tullet BETA Mr. Goldsmith - I have attached below a copy of the updated BETA reflecting the changes you proposed earlier. I have added some language to your proposals, but have kept the intention intact. The only additional comments that I will make are that Enron will require (a) a confirmatory letter from Natsource LLC that the LC posted by Natsource will be applicable to Natsource-Tullet (in essence a guarantee letter) and (b) if an LC has already been posted, it will need to be modified so that it will reflect the ability of Enron to realize under it for Natsource-Tullet. If no LC has been issued, this latter point will need to be handled in any LC issued. Please take a look at the attached and let me know if anything further. I will be checking with our personnel to confirm that Natsource LLC does not have to be a signatory to this BETA. (See attached file: beta-natsource-tullet(draft5-29-01).doc) Mark Senior Counsel, EWS Phone: 713-345-8897 Facsimile: 713-646-3490 E-Mail: Mark.Greenberg@enron.com
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